January 1: Walgreens reacquires 2,400 shares of its $18 par value Common Stock for $79 per share.March 5: Walgreens reissues 1,200 of the above-mentioned shares for $90 per share.Using the above information, the journal entry to record the March 5th transaction will be:Select one:a. DebitCreditCash108,000 Treasury Stock 108,000b. DebitCreditCash108,000 Treasury Stock 94,800APIC – TS 13,200c. DebitCreditCash108,000 Treasury Stock 21,600APIC – TS 86,400d. DebitCreditCash108,000 Treasury Stock 94,800Gain on Sale of TS 13,200e. DebitCreditCash108,000 Treasury Stock 94,800Investment Income 13,200

STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in Stockholders Equity.Statement of Shareholders Equity is explains the changes in a company's Share Capital, Accumulated Reserve & Surplus and Retained Earnings over the Reporting Period.Statement of Shareholders Equity is a financial document of a company issues as part of its balance sheet.I) Value of Treasury Stock := Treasury Stock Re-issue * Par Value of Treasury Stock = 1,200 Shares * $79.00 Per Shared = $94,800II) Additional Paid in Capital Treasury Stock := Treasury Stock Re-issue * (Issue Price - Par Value of Treasury Stock)= 1,200 Shares * ($90.00 - $79.00)= $13,200III) Total Cash received on Issuance of Treasury Stock := $94,800 + $13,200 = $108,000REQUIREMENT # :— FINAL ANSWERRequirement #1 :— Journal Entry to Record reissue of Treasury StockDateGeneral Journal DebitCreditMarch 05Cash $108,000Treasury Stock $94,800Additional Paid in Capital - Treasury Stock$13,200So, The Correct Option is #B